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Product ID: UK-CPart08

Suitable for use in: England & Wales and Scotland

£56.40 inc VAT
(£47.00 ex VAT)
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Product ID: UK-CPart07

Articles of Association: lender or investor requires protection

Not yet reviewed

This document is suitable for a trading company with a simple structure that has a minority shareholder or large lender-investor.

You may be an advisor looking to protect the lender-investor or make a proposal on behalf of the company.

The lender-investor may be a director, but we have assumed that he prefers to be uncommitted to management and to rely on these strong articles to protect him.

This version provides a reasonable, practical and balanced framework to manage and control the company, while protecting the lender-investor.

Although it is unlikely that an influential shareholder will want to be a director, many investor organisations will want board representation. We have provided an option for one or more directors to “represent” one of more shareholders and prefer their interest to the interests of the other shareholders - so far as it is possible by law to do this.

Example situations in which to use this version:

  • A company raises money under terms whereby the lender also takes an equity interest, but most likely does not wish to appoint a director on account of the responsibility that comes with that appointment.
  • A large shareholder who has probably controlled the company, now retires but wants to be sure the smaller interest he has retained, is still “safe” from unexpected activity by the remaining directors.
  • A family dispute ends with agreement for one side to operate the company and the other side to retain shares but not be involved in the management.
  • Any other influential shareholder who does not want day to day involvement.
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Suitable for use in: England & Wales and Scotland

£56.40 inc VAT
(£47.00 ex VAT)
pin to top of list
Product ID: UK-CPart11

Suitable for use in: England & Wales and Scotland

£58.80 inc VAT
(£49.00 ex VAT)
Create articles of association for your company online
Answer simple questions in our web-based questionnaire
We create a document tailored to your requirements
Our detailed lawyer review process ensures that your document matches your instructions
We e-mail your document to you
Get Started

Price: £18.00 ex VAT (£21.60 inc VAT)

Suitable for use in: England & Wales

When you use our online service, our software creates your document for you as soon as you have finished answering a questionnaire about the company and how it will be operated.

The questionnaire takes about 20 minutes to complete.

We save your answers every time you move to a new page, so if you want to take a break at any point (for example, you want to check options with shareholders), you can return later without having to start from the beginning.

When you have completed the questionnaire, you can choose for your agreement to be e-mailed to you immediately in Microsoft Word format (compatible with many different word processors), or you can arrange for an experienced lawyer to review your document so that you have confidence that it is legally sound.

If you choose our review service, we aim to check your template and return it to you within 72 hours.

Suitability for your company

This service can produce articles of association for private limited companies that:

  • operate a standard trading business.

  • have one or more investors who have made a significant debt investment (in addition to an equity investment) and who require additional protection for their position as a lender through ownership of a second class of shares with special rights attached.

  • have a single shareholder who is also the only director.

  • are owned by two shareholders who want to control it with equal power.

  • have multiple classes of shares (e.g. preferred, deferred, or convertible) in addition to ordinary shares.

  • have been set up to manage long leasehold residential property, and whose shareholders are the owners of the leases of individual flats or parts of the property.

Note: Our online service should not be used to create articles for public limited companies or companies limited by guarantee.

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